On 30 October 2022, the Government issued Decree No. 91/2022/NĐ-CP amending and supplementing a number of articles of Decree No. 126/2020/NĐ-CP dated 19 October 2020 of the Government detailing a number of articles of the Law on Tax Administration. In which, there are some notable amendments and supplements as follows:
- Decree amending and supplementing point b clause 6 Article 8: the total amount of provisional corporate income tax (“CIT”) for four quarters shall be least 80% of the terminal tax. Otherwise, late payment interest shall be charged on the arrears over the period from the day following the last day of the fourth quarter CIT temporary payment deadline to the day preceding the date of payment of the outstanding tax amount to the state budget according to the amended regulations.
- Decree amending and supplementing point g clause 6 Article 8: CIT of foreign transport companies shall be provisionally paid quarterly and finalized annually. The total amount of provisional corporate income tax (“CIT”) for four quarters shall be least 80% of the terminal tax. Otherwise, late payment interest shall be charged on the arrears over the period from the day following the last day of the fourth quarter CIT temporary payment deadline to the day preceding the date of payment of the outstanding tax amount to the state budget according to the amended regulations.